An employee shows a Mate X foldable 5G mobile device at the Huawei Technologies Co. pavilion on the opening day of the MWC Barcelona in Barcelona, Spain, on Monday, Feb. 25, 2019. At the wireless industry’s biggest conference, over 100,000 people are set to see the latest innovations in smartphones, artificial intelligence devices and autonomous drones exhibited by more than 2,400 companies. Photographer: Stefan Wermuth/Bloomberg Source link

Australia’s biggest casino company Crown Resorts reported on Wednesday a sharp decline in spending by wealthy Chinese tourists at its properties, pushing its shares down in their biggest one-day fall in more than two years.Crown, which is owned 47 per cent by billionaire James Packer, also posted a weaker than expected profit for the six months to December. Turnover from VIPs – largely Chinese tourists on package holidays – fell 12 per cent compared to a 16 per cent rise in the year-ago period… Source link

The Hong Kong stock exchange reclaimed its crown as the No 1 IPO market in the world in 2018, beating last year’s winner New York, as listing reforms led to the highest fundraising in eight years, according to Refinitiv data. Hong Kong’s main board had a 17.6 per cent share of the global IPO market this year as of December 21, with 125 companies raising US$36.5 billion. This was the highest since 2010 and up 175.5 per cent from last year, according to the data provider formerly known as Thomson…

Baidu pushed deeper into autonomous driving with plans to start producing self-driving passenger cars with FAW next year, with similar plans to develop models with Volvo Cars for China, the world’s biggest passenger vehicle market. The Beijing-based internet search giant, which has in recent years invested heavily in its Apollo autonomous driving platform, unveiled a joint developed self-driving model with FAW at the Baidu Tech 2018 conference on Thursday. The car is expected to become the first mass-produced driverless car in China when large-scale production takes place in 2020, according…

It was looking pretty grim for ByteDance founder and chief executive Zhang Yiming back in April. He had issued a “self reflective” public apology after China’s central government ordered its news aggregation unit to close a popular app known for off-colour jokes. “We let our users down by over emphasising growth and scale over quality and responsibility,” Zhang said in an open letter reminiscent of the “self criticism” of “wrongdoers” during the era of Chinese leader Mao Zedong. Meet the 35-year-old engineer behind world’s most valuable start-up Zhang said Jinri…